Building for Sale

A rare investment property of historical character is offered for sale in a prime and strategic location in Gazi, one of Athens’ most dynamic and internationally recognized urban districts. The building was constructed around 1898 and is not classified as a listed or preserved monument. However, it falls under the provisions of Greek Law 3028/2002 regarding the protection of antiquities and cultural heritage. Any renovation, restoration or redevelopment is subject to approval by the competent authorities and specific conditions, ensuring preservation of its character and long-term value. A fully approved and legal change of use from residential to commercial has already been issued, rendering the property fully eligible for the €250,000 Golden Visa program, in accordance with current legislation — a significant advantage for international investors. The property requires full-scale renovation, offering substantial flexibility for redesign and repositioning. It is noted that certain areas, if legalization is not feasible or not desired by the buyer, will need to be removed at the owner’s expense, following a preliminary agreement. The property is located at the heart of Gazi, a vibrant cultural, artistic and entertainment hub, internationally known as a creative and social meeting point. The area attracts young professionals, artists, alternative communities and investors, reinforcing its strong branding and investment appeal. The Kerameikos Metro Station is approximately 350 meters away (4–5 minutes walking distance), while numerous public transportation options nearby provide excellent connectivity to the entire Athens city center. The property is suitable for multiple investment scenarios, either individually or in combination: investment asset, professional or commercial premises, touristic exploitation, or even the development of a high-end luxury residence, subject to planning approvals. The asking price is negotiable and represents a rare opportunity, as properties of comparable historical significance, commercial potential and clear legal status are extremely limited in the Gazi area, with strong prospects for value appreciation following renovation.